Greece: Ceramic Sanitary Ware Market 2024

Ceramic Sanitary Ware Market Size in Greece

The Greek ceramic sanitary ware market fell rapidly to $X in 2022, waning by -49.9% against the previous year. In general, consumption, however, posted a strong expansion. As a result, consumption attained the peak level of $X, and then declined sharply in the following year.

Ceramic Sanitary Ware Production in Greece

In value terms, ceramic sanitary ware production dropped rapidly to $X in 2022 estimated in export price. In general, production, however, showed significant growth. Ceramic sanitary ware production peaked at $X in 2021, and then contracted remarkably in the following year.

Ceramic Sanitary Ware Exports

Exports from Greece

In 2022, shipments abroad of ceramic sinks, baths, water closet pans and similar sanitary fixtures decreased by -22% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a noticeable contraction. The pace of growth appeared the most rapid in 2019 with an increase of 71%. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, ceramic sanitary ware exports dropped to $X in 2022. In general, exports, however, showed a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of 92%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Italy (X units), Cyprus (X units) and Bulgaria (X units) were the main destinations of ceramic sanitary ware exports from Greece.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of +47.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ceramic sanitary ware exported from Greece were Italy ($X), Cyprus ($X) and Bulgaria ($X).

Slovenia, with a CAGR of +59.2%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ceramic sanitary ware export price stood at $X per unit in 2022, with an increase of 13% against the previous year. Over the period under review, the export price enjoyed a buoyant increase. The pace of growth was the most pronounced in 2021 when the average export price increased by 80%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($X per unit) and Poland ($X per unit), while the average price for exports to Slovenia ($X per unit) and Israel ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+23.0%), while the prices for the other major destinations experienced more modest paces of growth.

Ceramic Sanitary Ware Imports

Imports into Greece

In 2022, overseas purchases of ceramic sinks, baths, water closet pans and similar sanitary fixtures were finally on the rise to reach X units after two years of decline. Over the period under review, imports, however, continue to indicate a deep downturn. The growth pace was the most rapid in 2015 when imports increased by 63%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, ceramic sanitary ware imports totaled $X in 2022. In general, imports, however, saw a deep reduction. The pace of growth was the most pronounced in 2019 when imports increased by 35% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main ceramic sanitary ware supplier to Greece, accounting for a 110% share of total imports. Moreover, ceramic sanitary ware imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), twofold. The third position in this ranking was taken by Italy (X units), with a 31% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -18.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-9.2% per year) and Italy (-22.0% per year).

In value terms, China ($X) constituted the largest supplier of ceramic sinks, baths, water closet pans and similar sanitary fixtures to Greece, comprising 112% of total imports. The second position in the ranking was taken by Turkey ($X), with a 52% share of total imports. It was followed by Italy, with a 30% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-10.7% per year) and Italy (-22.6% per year).

Import Prices by Country

In 2022, the average ceramic sanitary ware import price amounted to $X per unit, almost unchanged from the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 25% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($X per unit) and Bulgaria ($X per unit), while the price for Turkey ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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